en.Wedoany.com Reported - Australian mineral company Regener8 Resources (ASX:R8R) announced on June 1, 2026, that it has completed the acquisition of the Srebrenica North polymetallic project in Bosnia and Herzegovina, holding 100% ownership of the project. The transaction was approved at a special general meeting of shareholders on May 6, 2026, and the binding share purchase agreement with the sellers, shareholders of Orichalcum, has been executed. This move marks the company's official entry into one of Europe's most active polymetallic mining districts, with the first phase of exploration planning set to commence.
Regener8 Resources, established in 2021, is a small mineral exploration company listed on the Australian Securities Exchange (ASX). It previously focused primarily on mineral rights exploration in New South Wales and Western Australia, with projects including the Kookynie Gold Project, the East Ponton Future Metals Project, and the North Achilles Project. This acquisition marks the company's first expansion into Europe.
The Srebrenica North project consists of two exploration licenses, Vagan and Dolovi, covering a total area of 80 square kilometers and is considered prospective for silver, copper, antimony, zinc, and lead. The mineral rights are located between two mines operated by Mineco, a British private mining and commodity trading group—the Sase lead-zinc-silver mine to the east and the Veliki Majdan lead-zinc mine approximately 10 kilometers to the north. Similar to the broader Srebrenica region, the project area contains numerous ancient adits, shafts, and slag heaps dating back to the Middle Ages. Although the area has not undergone modern systematic exploration for over 50 years, field inspections during the company's due diligence phase have confirmed hydrothermal vein-type mineralization containing lead-zinc-silver-antimony sulfides in outcrops. Recent re-examination of historical data from the 1970s shows that the former Yugoslav government conducted sampling at the Zanik prospect targeting medieval adits, yielding grades of up to 412 g/t silver, 21.9% lead, 7.3% zinc, and 0.9% antimony.
According to the plan, the first phase of exploration will include soil sampling along ridge lines and branch lines, geophysical surveys such as ground magnetics, and stream sediment sampling, aimed at defining catchment-scale geochemical anomalies to identify target areas for subsequent geological mapping, infill soil sampling, detailed geophysical surveys, and initial drilling. Regener8 Resources Managing Director Stephen Foley stated: "Completing the acquisition of Srebrenica North marks the culmination of months of focused effort by the team. Our focus has now shifted to field operations, and we expect to update the market on the progress of the initial soil sampling and ground magnetic program in the coming weeks—the first modern, systematic exploration in this region in over 50 years."
From a broader geological perspective, Srebrenica North is located within the Tethyan Belt, a tectonic belt spanning 34 countries with 685 significant deposits, hosting several major polymetallic and copper-gold deposits in Europe. Exploration results from adjacent areas further enhance the project's potential: Canadian exploration company Terra Balcanica (CSE:TERA) has achieved a series of drilling results at the adjacent Viogor-Zanik mineral rights, including 4 meters grading 824 g/t silver equivalent at the Čumavići target and 19.6 meters grading 436 g/t silver equivalent at the Brežani target. In recent years, international interest in Bosnia and Herzegovina's mining sector has continued to grow: in September 2025, Canadian DPM Metals completed the acquisition of ASX-listed Adriatic Metals and its Vareš silver mine for US$1.25 billion.
This acquisition provides Regener8 Resources with a polymetallic project in Bosnia and Herzegovina that has a historical mining background but has long been untouched by modern exploration. The subsequent exploration progress of the project warrants market attention.
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